Barings BDC (NYSE:BBDC) Reaches New 52-Week High at $10.16

Barings BDC, Inc. (NYSE:BBDCGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.16 and last traded at $10.14, with a volume of 91625 shares trading hands. The stock had previously closed at $10.05.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their target price on Barings BDC from $10.00 to $10.50 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd.

View Our Latest Analysis on BBDC

Barings BDC Price Performance

The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.22 and a beta of 0.66. The company has a fifty day moving average price of $9.53 and a two-hundred day moving average price of $9.19.

Barings BDC (NYSE:BBDCGet Free Report) last issued its quarterly earnings results on Saturday, May 4th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $69.81 million for the quarter, compared to analyst estimates of $72.38 million. Barings BDC had a return on equity of 10.77% and a net margin of 45.35%. During the same quarter in the prior year, the company earned $0.25 EPS. On average, equities research analysts expect that Barings BDC, Inc. will post 1.17 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.28%. The ex-dividend date is Wednesday, June 5th. Barings BDC’s dividend payout ratio is currently 84.55%.

Insider Buying and Selling at Barings BDC

In related news, insider Michael Freno bought 27,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were acquired at an average price of $9.73 per share, with a total value of $267,575.00. Following the completion of the acquisition, the insider now owns 71,145 shares in the company, valued at approximately $692,240.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BBDC. Alpine Global Management LLC acquired a new position in Barings BDC during the 3rd quarter worth approximately $913,000. Financial Gravity Asset Management Inc. grew its holdings in Barings BDC by 1,692.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 266,969 shares of the company’s stock worth $2,379,000 after acquiring an additional 252,079 shares during the period. Quadrature Capital Ltd grew its holdings in Barings BDC by 104.8% during the third quarter. Quadrature Capital Ltd now owns 40,029 shares of the company’s stock worth $357,000 after acquiring an additional 20,479 shares during the period. Advisors Asset Management Inc. raised its position in Barings BDC by 6.4% in the third quarter. Advisors Asset Management Inc. now owns 395,948 shares of the company’s stock worth $3,528,000 after acquiring an additional 23,655 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Barings BDC by 5.3% in the third quarter. Van ECK Associates Corp now owns 1,530,005 shares of the company’s stock valued at $13,632,000 after acquiring an additional 76,390 shares during the period. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Company Profile

(Get Free Report)

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.

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